Friday, May 13, 2011 at 12:49PM 'Terminator' Rights Won By Annapura Pictures
In what was a heated bidding battle between Annapura Pictures and Lionsgate, it's now confirmed that Annapura Pictures outbid Lionsgate for the rights to make the next two Terminator films. Details have yet to be disclosed but considering Lionsgate's latest bid was at $15 million, I would think it would be in the $16-$18 million range.
Even at that amount, the struggling franchise is sold for less than half of what Pacificor paid, who in 2010 bought the rights for $29.5 million plus $5 million for each sequel made. Still, the film comes with a great package of Justin Lin as the director and Robert Cort as the film's producer. It also looks like Arnold Schwarzenegger will have a major part in the film.
Megan Ellison heads up Annapura Pictures and has been known to make quality films. She and her brother David Ellison, were the producers for True Grit.
Reader Comments (1)
I think you mean 'Annapurna' Pictures, not Annapura.
This is good news; with the producers of True Grit behind it, maybe they can finally make a new Terminator film that doesn't insult the viewer's intelligence.